BofA update shows where active managers are putting money
David Baszucki, President and CEO of Roblox Corp (NYSE:RBLX), recently executed a series of transactions involving the company’s Class A common stock. On March 17, Baszucki sold shares worth approximately $2.33 million, with prices ranging from $56.85 to $57.53 per share. These transactions were part of a pre-established trading plan under Rule 10b5-1. The stock, which has delivered a remarkable 53.5% return over the past year and currently commands a market capitalization of $38.8 billion, is trading near InvestingPro’s Fair Value estimate.
In addition to the sales, Baszucki also exercised stock options to acquire 34,099 shares at a price of $0.53 per share, totaling approximately $18,072. Following these transactions, Baszucki’s direct ownership of Roblox stock stands at 221,983 shares.
Baszucki also made several charitable contributions, transferring shares to organizations such as The Baszucki Family Foundation and The Freedom Revocable Trust. These transfers, recorded at a value of $0 per share, reflect his ongoing philanthropic efforts.
The transactions highlight Baszucki’s strategic management of his holdings in Roblox, a company he co-founded and continues to lead. Investors and market watchers often scrutinize such insider activities for potential insights into the company’s future prospects. For deeper insights into Roblox’s valuation, financial health, and growth prospects, access the comprehensive Pro Research Report available exclusively on InvestingPro.
In other recent news, Roblox Corp. reported fourth-quarter results that revealed net bookings aligning with consensus estimates and an adjusted EBITDA surpassing Wall Street expectations. However, daily active users did not meet projections, and the 2025 bookings guidance was slightly below analyst expectations. Benchmark analysts raised Roblox’s stock price target to $71, maintaining a Buy rating, citing strong December growth in mobile and desktop bookings. Similarly, Needham analysts increased their price target to $72, also maintaining a Buy rating, despite noting a slowdown in bookings growth. Citi analysts, while reducing their price target from $82 to $78, continued to support Roblox with a Buy rating, reflecting a positive outlook on future financial performance. Additionally, Roblox is under investigation by the US Securities and Exchange Commission, as confirmed by Bloomberg News, though the specific focus of the probe is not disclosed. The SEC’s ongoing investigation was initially reported by Hunterbrook Media, which noted that Hunterbrook Capital held a short position in Roblox shares. Roblox has not commented on the investigation, nor has the SEC provided further details. These developments highlight the varied perspectives and ongoing scrutiny surrounding Roblox’s financial and operational strategies.
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